BASF completes divestiture paper hydrous kaolin business Imerys

BASF completes divestiture of paper hydrous kaolin business to Imerys

11:30 AM, 5th November 2015
BASF completes divestiture of paper hydrous kaolin business to Imerys

LUDWIGSHAFEN, GERMANY: BASF SE said it has closed the announced transaction to divest its global paper hydrous kaolin (PHK) business to Imerys, a Paris, France-based producer of mineral-based specialty solutions for industry.

Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers. Also included in the transaction is the Kaolin milling facility in Wilkinson County, Georgia referred to as the “Gibraltar mill.”

BASF will continue to own and operate its other assets in Georgia, including Kaolin reserves, mining and production facilities as well as a slurry facility in Ghent, Belgium.

“We have taken action to make our business fit for the future,” said Dr Shane Porzio, vice president, global business management, Kaolin.

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